Chemung Financial Corp Stock Today
| CHMG Stock | USD 39.44 0.36 0.90% |
Performance0 of 100
| Odds Of DistressLess than 6
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Chemung Financial is trading at 39.44 as of the 19th of April 2024. This is a -0.9 percent down since the beginning of the trading day. The stock's lowest day price was 39.0. Chemung Financial has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Chemung Financial Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 4th of January 1999 | Category Financial Services | Classification Financials |
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York. The company has 4.75 M outstanding shares of which 14.9 K shares are currently shorted by private and institutional investors with about 2.42 trading days to cover. More on Chemung Financial Corp
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Follow Valuation Profit Patterns Odds of Bankruptcy
Financial Report 18th of July 2024
Chemung Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Chemung Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Chemung Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ronald Bentley | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Chemung Financial report their recommendations after researching Chemung Financial's financial statements, talking to executives and customers, or listening in on Chemung Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Chemung Financial Corp. The Chemung consensus assessment is calculated by taking the average forecast from all of the analysts covering Chemung Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Chemung Financial's profitability, liquidity, and operating efficiency, Chemung Financial Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Chemung Financial Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Chemung Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Chemung Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Chemung Financial's financial leverage. It provides some insight into what part of Chemung Financial's total assets is financed by creditors.
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Chemung Financial Corp (CHMG) is traded on NASDAQ Exchange in USA. It is located in One Chemung Canal Plaza, Elmira, NY, United States, 14901 and employs 339 people. Chemung Financial is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 187.37 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Chemung Financial's market, we take the total number of its shares issued and multiply it by Chemung Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Chemung Financial Corp conducts business under Banks sector and is part of Financials industry. The entity has 4.75 M outstanding shares of which 14.9 K shares are currently shorted by private and institutional investors with about 2.42 trading days to cover.
Chemung Financial Corp currently holds about 42.42 M in cash with 30.85 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.04.
Check Chemung Financial Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Chemung Financial Corp is currently $187.37 Million. 30% of Chemung Financial Corp outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how profitable the entity is or how many assets it hold, if the real value is less than what market suggests, you will most likely generate negative returns and should consider selling it at some point.
Check Chemung Ownership Details
Chemung Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Chemung Financial jumping above the current price in 90 days from now is about 91.47%. The Chemung Financial Corp probability density function shows the probability of Chemung Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Chemung Financial has a beta of 0.7802 suggesting as returns on the market go up, Chemung Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Chemung Financial Corp will be expected to be much smaller as well. Additionally, chemung Financial Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Chemung Financial to move above the current price in 90 days from now is about 91.47 (This Chemung Financial Corp probability density function shows the probability of Chemung Stock to fall within a particular range of prices over 90 days) .
Chemung Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Chemung Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Chemung Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Chemung Financial's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 33 K | |
| Royce & Associates, Lp | 2023-12-31 | 31 K | |
| Northern Trust Corp | 2023-12-31 | 28.3 K | |
| Acadian Asset Management Llc | 2023-12-31 | 23 K | |
| Forum Financial Management, Lp | 2023-12-31 | 19 K | |
| Empowered Funds, Llc | 2023-12-31 | 17.3 K | |
| Lsv Asset Management | 2023-12-31 | 16.7 K | |
| Alesco Advisors Llc | 2023-12-31 | 13.2 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 12.7 K | |
| Fourthstone Llc | 2023-09-30 | 450.1 K | |
| Chemung Canal Trust Co | 2023-12-31 | 344.8 K |
Chemung Financial Historical Income Statement
Chemung Financial Corp Income Statement is one of the three primary financial statements used for reporting Chemung's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Chemung Financial Corp revenue and expense. Chemung Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Chemung Financial's Gross Profit is most likely to increase significantly in the upcoming years. The Chemung Financial's current Total Other Income Expense Net is estimated to increase to about 33.1 M, while Selling General Administrative is projected to decrease to roughly 21.5 M. View More FundamentalsChemung Stock Against Markets
Picking the right benchmark for Chemung Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Chemung Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Chemung Financial is critical whether you are bullish or bearish towards Chemung Financial Corp at a given time. Please also check how Chemung Financial's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Chemung Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Chemung Financial Corporate Directors
Chemung Financial corporate directors refer to members of a Chemung Financial board of directors. The board of directors generally takes responsibility for the Chemung Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Chemung Financial's board members must vote for the resolution. The Chemung Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Denise Gonick | Director | Profile | |
| Bruce Boyea | Independent Director | Profile | |
| Thomas Tyrrell | Director | Profile | |
| Kevin Tully | Director | Profile |
How to buy Chemung Stock?
Before investing in Chemung Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Chemung Financial. To buy Chemung Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Chemung Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Chemung Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Chemung Financial Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Chemung Financial Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Chemung Financial Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Chemung Stock please use our How to Invest in Chemung Financial guide.
Already Invested in Chemung Financial Corp?
The danger of trading Chemung Financial Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Chemung Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Chemung Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chemung Financial Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Chemung Financial Corp is a strong investment it is important to analyze Chemung Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemung Financial's future performance. For an informed investment choice regarding Chemung Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Chemung Financial's price analysis, check to measure Chemung Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemung Financial is operating at the current time. Most of Chemung Financial's value examination focuses on studying past and present price action to predict the probability of Chemung Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemung Financial's price. Additionally, you may evaluate how the addition of Chemung Financial to your portfolios can decrease your overall portfolio volatility.
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Is Chemung Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chemung Financial. If investors know Chemung will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chemung Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Dividend Share 1.24 | Earnings Share 5.28 | Revenue Per Share 20.233 | Quarterly Revenue Growth (0.15) |
The market value of Chemung Financial Corp is measured differently than its book value, which is the value of Chemung that is recorded on the company's balance sheet. Investors also form their own opinion of Chemung Financial's value that differs from its market value or its book value, called intrinsic value, which is Chemung Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chemung Financial's market value can be influenced by many factors that don't directly affect Chemung Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chemung Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemung Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemung Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.